A top-notch restructuring group, capable of handling the biggest and the most difficult restructuring from either company side or creditors’ side. 
- Chambers USA, Band 1 Bankruptcy/Restructuring (Nationwide and NY)
Supermarket, Restaurant & Other Food Services
Our restructuring department fields large, multidisciplinary teams that leverage the resources of our firm as a whole. We act on all sides of cutting-edge restructuring transactions across a range of industries.
-
Hostess Brands' Chapter 11 Case
Silver Point Capital, as prepetition and postpetition agent for lenders to Hostess Brands, a leading manufacturer of bread and snack cakes, in connection with all aspects of its chapter 11 case.
-
Quiznos's Out-of-Court Restructuring
Quiznos, a quick serve restaurant franchisor, in its out-of-court debt restructuring of over $1 billion of secured debt and new capital raise which required one hundred percent first and second lien lender consent.
-
Sprouts Farmers Market's Refinancing
Sprouts Farmers Market, a leading specialty grocery chain focusing on fresh and healthy foods, in its $450 million senior secured revolving credit facility in connection with the refinancing of existing indebtedness.
-
Penn Traffic Company's Chapter 11 Case
The Penn Traffic Company, one of the leading U.S. food retailers and wholesalers, in connection with its chapter 11 case. Through asset sales and the restructuring of its balance sheet, Penn Traffic successfully reorganized, saving approximately 8,800 jobs. The company funded its future operations with exit financing from GE Capital Corp. and Kimco Realty Corp., as well as the proceeds of a sale-leaseback transaction involving Penn Traffic's five owned distribution centers.
-
Winn Dixie’s Chapter 11 Case
An ad hoc bondholder committee in connection with the chapter 11 reorganization of Winn Dixie, a regional grocery and supermarket chain.
